Over the decade from 2013 to 2023, the sold production of margarine and similar edible fats in Finland has shown a general increasing trend. In 2013, production stood at 15.753 million kilograms and reached 18.531 million kilograms in 2023. However, the year-on-year variations indicate some fluctuations, such as a significant drop in 2013 (-17.01%), followed by alternating periods of growth and slight declines. The last five years saw a moderate increase with a CAGR of 1.45%, reflecting a stabilized and more gradual growth trend towards the end of this period.
Looking ahead, the forecasted period from 2024 to 2028 indicates a slight decline, with the CAGR projected at -0.25%. The increase seen in previous years tapers into a more stable, yet slightly decreasing trend, suggesting market saturation or changing consumer preferences could be potential factors. By 2028, the production is expected to marginally decrease to 18.245 million kilograms.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier or alternative fats.
- Impact of regulatory changes on production and consumption patterns.
- Technological advancements in production efficiency and product innovations.
- Economic factors influencing both local production and import-export dynamics.
